U.S.-based electronics/communications company Motorola will buy Singapore-based digital music services provider/online music store Soundbuzz, the two companies announced today (Jan. 7).
Terms of the deal, which is expected to close by March 31, were not disclosed. The two firms say it will allow Motorola to expand its Motomusic mobile music service — which has already been launched in China — into India, Southeast Asia, Australia and New Zealand.
Soundbuzz CEO Sudhansu Sarronwala tells dotbiz that he and Soundbuzz management will remain with the company following the purchase. Soundbuzz is currently jointly owned by its managers and Singapore-based electronic hardware maker Creative Technology.
“We are very pleased to announce this transaction with Soundbuzz,” said Bill Werner, Motorola senior VP in charge of future solutions and technology for mobile devices, in a statement. “It will provide Motorola with one of the most extensive music libraries in the Asia Pacific region, advance our music and video offerings in Australia and South East Asia and build on the success of our Motomusic services in China.”
